Metal stocks may decline after official data showed growth in China's factory sector slowed in December. The official Purchasing Managers' Index (PMI) slipped to 50.1 in December from November's 50.3, but remained just above the 50-point level that separates growth from contraction on a monthly basis. China is the world's largest consumer of steel, copper and aluminum.
With respect to news titled "OVL eyeing Leviathan stake to explore oil off Israel coast," ONGC clarified after market hours yesterday, 31 December 2014, that ONGC Videsh is currently not pursuing any stake in Leviathan field off Israel coast. Further, no inputs were provided by ONGC Videsh which has led to the referred cited news.
Essar Oil announced after market hours yesterday, 31 December 2014, that the company have commissioned second Hydrogen Manufacturing Unit (HMU) of 105 Knm3/hr capacity at company's refinery, which would provide flexibility and reliability to overall refinery operations.
Cadila Healthcare will be watched, With respect to news titled, "Wockhardt, Cadila & Hospira voluntarily recall drugs in US," Cadila Healthcare clarified that the recall by its US-based subsidiary was voluntary and a class-III type recall, which means that the use of the product is not likely to cause any adverse health consequences. There is no material impact, the company added.
Future Retail said it has redeemed 1,000 Optionally Convertible Debentures (OCDs) (Series 1) of Rs 10 lakh each, aggregating to Rs 100 crore, issued to IFCI.
Muthoot Finance announced that pursuant to open offer given by the company for acquisition of shares of Asia Asset Finance PLC (AAF) in Colombo Stock Exchange, Srilanka, the company has acquired 5.60 crore shares at 1.60 Sri Lankan Rupee. The company has received the necessary approvals from Colombo Stock Exchange/ Securities Exchange Commission for transferring the shares acquired via open offer to company's account. Muthoot Finance now holds 42.80 crore shares in AAF representing 51% of total equity shares of Asia Asset Finance PLC, Sri Lanka post open offer. Pursuant to the present acquisition AAF has become subsidiary of the company.
Prakash Industries (PIL) announced that it has deposited a total amount of Rs 234.22 crore with the Coal Controller, Ministry of Coal, towards the additional levy against its Chotia Coal Block following the Supreme Court of India's order. Coal Ministry has already initiated the Coal block Auction process. This Chotia Coal block is also part of this First phase Auction plan. The company has now become eligible to participate in auction process as it was a precondition to first pay this additional levy to become eligible. The company now looks forward to obtain a suitable coal block through this coal block Auction process soon.
Saksoft announced before market hours that the company has signed on 31 December 2014, the Share purchase agreement towards acquisition of 51% of the share capital of ThreeSixty Logica Testing, a Testing services company.
Emaar MGF Land announced after market hours yesterday, 31 December 2014, that the company had partially redeemed the 5,750, 13% Secured Redeemable Non-Convertible Debentures of Rs 5.3 lakh each (NCDs) on 31 December 2014 and confirmed that the necessary payments have been made to all beneficiaries.
Kalpataru Power Transmission announced after market hours yesterday, 31 December 2014, that it received new orders of around Rs 560 crore.
National Buildings Construction Corporation announced after market hours yesterday, 31 December 2014, that Delhi Development Authority (DDA) has announced to develop the "East Delhi Hub" on 30 Ha DDA land in Karkardooma (East Delhi) the first Transit Oriented Development (TOD) project on smart city principles for which letter of intent has been issued to NBCC for joint development.
Esteem Bio Organic Food Processing announced after market hours yesterday, 31 December 2014, that the Board of Directors of the company at its meeting held on 31 December 2014, has considered and approved 10 for 1 stock split.
Shaily Engineering Plastics announced after market hours yesterday, 31 December 2014, that the Board of Directors of the company at its meeting held on 31 December 2014, inter alia, has considered and approved allotment of 10 lakh shares at a price of Rs 251 per share to Non promoter investor Ashish Kacholia on preferential allotment basis.
Transport Corporation of India announced after market hours yesterday, 31 December 2014, that a meeting of the board of directors of the company will be held on 3 January 2015, inter-alia, to consider the fund raising plans of the company through issuance of equity shares via any possible conducive route including QIP/preferential placement/ PE Funds etc. as per applicable SEBI Guidelines.
Dr.Datsons Labs announced after market hours yesterday, 31 December 2014, that a meeting of the Board of Directors of the company will be held on 5 January 2015, inter alia, to consider issue and allotment of equity shares Pursuant to FCCBs conversion notices received from the Bondholders of the company.
Unity Infraprojects announced after market hours yesterday, 31 December 2014, that the CDR EG has approved Corporate Debt Restructuring (CDR) Scheme of the company at its meeting held on 16 December 2014 and communication in that regard was made available to the company on 26 December 2014 by CDR Cell. Pursuant to the Board Resolution dated 23 March 2014, the Executive Committee of the Board accepted the Corporate Debt Restructuring (CDR) Scheme and pursuant to the terms and conditions of the said Scheme Master Restructuring Agreement dated 30 December 2014 executed by the company with the CDR Lenders.
Berger Paints India announced after market hours yesterday, 31 December 2014, that the company has fixed 9 January 2015 as the record date for 2 for 1 stock split.
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